The Municipal Employees' Annuity and Benefit Fund of Chicago (MEABF) is a defined benefit, single employer benefit plan that has been serving the people of Chicago for 100 years. Established in 1921, MEABF provides disability and retirement benefits to qualified employees of the City of Chicago and the Chicago Board of Education. Their mission is to provide excellent customer service to their members while preserving the fiscal integrity and financial stability of the Fund.
MEABF is funded by a combination of member contributions, taxes levied by the City of Chicago, and investment earnings from Plan reserves. As a component unit of the City of Chicago, MEABF is included in the city's financial statements as a pension trust fund. They serve employers such as the City of Chicago, the Chicago Board of Education, the Chicago Housing Authority, the Public Building Commission, and the Retirement Board.
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